Re:N26 will be leaving the UK
by zaarn on Wednesday February 12, 2020 @03:07AM
(#22306869)
The EU generally talks to the industry affected by some regulations, this is generally to prevent deploying a regulation or law that doesn't really work in practise and to find a reasonable compromise (of course, sometimes multiple industries end up at the table, some with more political power than others, which is how you get the EU copyright reform pushed by newspapers and yellow journalists)
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Re:N26 will be leaving the UK
by tomatocracy on Wednesday February 12, 2020 @09:19AM
(#22308970)
The effect is more often, and I think more accurately, termed 'regulatory capture' than corruption. The other side of it is that the incumbents work to ensure that regulation presents a very high barrier to entry for any would-be competitor.